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16 US Cities Facing Bankruptcy If They Don't Make Deep Cuts In 2011
Business Insider ^ | December 21, 2010 | Gus Lubin and Leah Goldman

Posted on 12/21/2010 4:17:16 PM PST by Zuben Elgenubi

2011 will be the year of the municipal default. At least that's what analysts like Meredith Whitney predict, as do bond investors that have been fleeing the muni market.

There are many reasons to be worried. First, the expiration of Build America Bonds will make it harder for cities to raise funds.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Local News
KEYWORDS: 0bamasfault; bankrupt; bankruptcy; bonds; broke; cities; debt; deficit; obamasfault; pension; pensions; spending; unions
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To: RegulatorCountry

You are touchy today, need a hug?


21 posted on 12/21/2010 4:50:05 PM PST by 1rudeboy
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To: flowerplough
2011 will be the year of the municipal default.

2012 will be the year several states default?
Yep. Because Democrats will never cut expenses. They only look to tax.
22 posted on 12/21/2010 4:51:02 PM PST by Minus_The_Bear
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To: 1rudeboy
You are touchy today, need a hug?

Definitely Pashtun for you.

23 posted on 12/21/2010 4:51:15 PM PST by RegulatorCountry
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To: Frantzie
TV keeps the idiots who watch confused and docile.

Or, it makes former viewers so insane that they continually post the same message endlessly on Free Republic.

24 posted on 12/21/2010 4:51:53 PM PST by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: RegulatorCountry

Why? Did a Pashtun man leave you for another man? Or a goat, maybe?


25 posted on 12/21/2010 4:53:15 PM PST by 1rudeboy
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To: Windflier
I think Network has aired a few times on TV. Maybe it made a deep impression, lol.
26 posted on 12/21/2010 4:53:15 PM PST by RegulatorCountry
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To: Brilliant

There’s going to be a lot of angry armed cops in 2011 and 2012.


27 posted on 12/21/2010 4:54:12 PM PST by Zuben Elgenubi
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To: 1rudeboy

I’ll just leave you to marinate in your fetid imagination, rudester.


28 posted on 12/21/2010 4:55:20 PM PST by RegulatorCountry
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To: RegulatorCountry
I think Network has aired a few times on TV. Maybe it made a deep impression, lol.

An impression like a ten ton metal stamping press to the brain.

29 posted on 12/21/2010 4:55:31 PM PST by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: Zuben Elgenubi

If anyone is looking for evidence that Democrats don’t know how to govern, just show them this list. Amazing.


30 posted on 12/21/2010 4:56:10 PM PST by Rocky (REPEAL IT!)
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To: Windflier
Or, it makes former viewers so insane that they continually post the same message endlessly on Free Republic.

LOL

31 posted on 12/21/2010 4:56:14 PM PST by BookmanTheJanitor
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To: RegulatorCountry

And I’ll relish the fact that I scored a point, Regulator.


32 posted on 12/21/2010 4:56:22 PM PST by 1rudeboy
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To: Zuben Elgenubi

States in Fiscal Peril http://www.pewcenteronthestates.org/report_detail.aspx?id=56044


33 posted on 12/21/2010 4:57:51 PM PST by anglian
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To: Zuben Elgenubi

Wimpy has eaten a lot of hamburgers and now it’s Tuesday.


34 posted on 12/21/2010 5:00:08 PM PST by JPG (A new sheriff is on her way and she's ready to cleanup Dodge.)
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To: Zuben Elgenubi

Dan Diego turned red this year.


35 posted on 12/21/2010 5:01:43 PM PST by blkmontecarlo
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To: Rocky

It is obvious to decent people that liberals “unintended consequences” are devastatingly massive.

What I wonder about is, who will they blame?

Because, they will NEVER blame themselves.

And next is, who will believe them when they next try to squirm out of the implosion that will come?


36 posted on 12/21/2010 5:04:20 PM PST by TruthConquers (Delendae sunt publicae scholae)
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To: Zuben Elgenubi

“Dan” - San. I hate when that happens.


37 posted on 12/21/2010 5:04:33 PM PST by blkmontecarlo
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To: Zuben Elgenubi

Hadn’t thought of it that way. Wouldn’t miss the city politicians, though, so have at em.


38 posted on 12/21/2010 5:05:39 PM PST by Brilliant
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To: Zuben Elgenubi

Vallejo, California is not on the list.


39 posted on 12/21/2010 5:09:54 PM PST by DFG (1 useless man is called a disgrace, 2 are called a law firm, 3 or more are called Congress)
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To: 1rudeboy

Why would you blame NSFTAS?
.

Blame unions and lawyers and teachers

NAFTA pays for its self


40 posted on 12/21/2010 5:12:37 PM PST by bert (K.E. N.P. N.C. D.E. +12 .....( History is a process, not an event ))
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